Comments on: This really is a bad idea http://timworstall.com/2009/02/24/this-really-is-a-bad-idea/ It is all obvious or trivial except... Sun, 12 Feb 2012 10:09:58 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: john b http://timworstall.com/2009/02/24/this-really-is-a-bad-idea/comment-page-1/#comment-27535 john b Tue, 24 Feb 2009 11:01:26 +0000 http://timworstall.com/?p=6390#comment-27535 Yes. The Telegraph article is about as misleading a piece as has ever been published (note the fact that they haven't been able to get anyone in the market to put their name to the assertions the 'unnamed source' is making, because they're lies). I wonder if Messyrs Barclay & Barclay hold NR bonds...? Yes. The Telegraph article is about as misleading a piece as has ever been published (note the fact that they haven’t been able to get anyone in the market to put their name to the assertions the ‘unnamed source’ is making, because they’re lies). I wonder if Messyrs Barclay & Barclay hold NR bonds…?

]]> By: Kay Tie http://timworstall.com/2009/02/24/this-really-is-a-bad-idea/comment-page-1/#comment-27530 Kay Tie Tue, 24 Feb 2009 10:11:49 +0000 http://timworstall.com/?p=6390#comment-27530 I thought these particular bonds had a coupon deferral clause which the Government decided to trigger? Yes, still undermines confidence in similar bonds, but it's not the repudiation of the legal system. I thought these particular bonds had a coupon deferral clause which the Government decided to trigger? Yes, still undermines confidence in similar bonds, but it’s not the repudiation of the legal system.

]]> By: Mark Wadsworth http://timworstall.com/2009/02/24/this-really-is-a-bad-idea/comment-page-1/#comment-27527 Mark Wadsworth Tue, 24 Feb 2009 10:02:25 +0000 http://timworstall.com/?p=6390#comment-27527 So what? The government in their stupidity rewrote the rules once (at huge benefit to bondholders) and they are now cackhandedly un-re-writing that rule so that bondholders now take more of the loss on the chin that they would otherwise have suffered. As a net saver, I'm quite happy for interest rates to go up. What's worst of all is when people start canging spelling in mid-word. So what? The government in their stupidity rewrote the rules once (at huge benefit to bondholders) and they are now cackhandedly un-re-writing that rule so that bondholders now take more of the loss on the chin that they would otherwise have suffered.

As a net saver, I’m quite happy for interest rates to go up.

What’s worst of all is when people start canging spelling in mid-word.

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